Denver Investment Advisors LLC bought a new position in shares of Lexington Realty Trust (NYSE:LXP) during the second quarter, Holdings Channel reports. The institutional investor bought 1,786,084 shares of the real estate investment trust’s stock, valued at approximately $17,700,000.

Several other institutional investors have also modified their holdings of the stock. BlackRock Inc. increased its stake in Lexington Realty Trust by 8,779.8% in the first quarter. BlackRock Inc. now owns 31,979,546 shares of the real estate investment trust’s stock valued at $319,155,000 after buying an additional 31,619,409 shares during the period. Vanguard Group Inc. increased its stake in Lexington Realty Trust by 3.1% in the first quarter. Vanguard Group Inc. now owns 39,695,075 shares of the real estate investment trust’s stock valued at $396,156,000 after buying an additional 1,204,191 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Lexington Realty Trust by 49.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,684,423 shares of the real estate investment trust’s stock valued at $26,603,000 after buying an additional 892,164 shares during the period. State Street Corp increased its stake in Lexington Realty Trust by 8.1% in the first quarter. State Street Corp now owns 6,302,258 shares of the real estate investment trust’s stock valued at $62,902,000 after buying an additional 472,738 shares during the period. Finally, American Century Companies Inc. increased its stake in Lexington Realty Trust by 32.5% in the first quarter. American Century Companies Inc. now owns 1,544,936 shares of the real estate investment trust’s stock valued at $15,418,000 after buying an additional 378,657 shares during the period. 73.13% of the stock is currently owned by institutional investors and hedge funds.

Shares of Lexington Realty Trust (NYSE LXP) opened at 9.89 on Tuesday. The company’s 50-day moving average is $10.05 and its 200 day moving average is $10.20. The stock has a market cap of $2.38 billion, a P/E ratio of 73.26 and a beta of 0.96. Lexington Realty Trust has a 1-year low of $9.00 and a 1-year high of $11.42.

Lexington Realty Trust (NYSE:LXP) last posted its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The firm had revenue of $95.70 million for the quarter, compared to the consensus estimate of $95.41 million. Lexington Realty Trust had a return on equity of 2.92% and a net margin of 9.80%. Lexington Realty Trust’s quarterly revenue was down 12.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.29 earnings per share. Equities research analysts anticipate that Lexington Realty Trust will post $0.35 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 7.08%. The ex-dividend date of this dividend was Wednesday, June 28th. Lexington Realty Trust’s dividend payout ratio is currently 500.00%.

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Several equities research analysts recently issued reports on LXP shares. Stifel Nicolaus reaffirmed a “hold” rating and set a $10.00 price target on shares of Lexington Realty Trust in a research note on Thursday, July 6th. Jefferies Group LLC reaffirmed a “hold” rating and set a $11.00 price target on shares of Lexington Realty Trust in a research note on Friday, June 23rd. BidaskClub downgraded shares of Lexington Realty Trust from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Evercore ISI raised shares of Lexington Realty Trust from an “in-line” rating to an “outperform” rating and set a $11.00 price target on the stock in a research note on Thursday, May 25th. Finally, Zacks Investment Research raised shares of Lexington Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, May 13th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $10.60.

In related news, Chairman E Robert Roskind sold 70,000 shares of the company’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $9.54, for a total transaction of $667,800.00. Following the completion of the sale, the chairman now directly owns 792,435 shares of the company’s stock, valued at approximately $7,559,829.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Joseph Bonventre sold 135,298 shares of the company’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $10.13, for a total transaction of $1,370,568.74. Following the sale, the executive vice president now directly owns 360,709 shares of the company’s stock, valued at $3,653,982.17. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by corporate insiders.

Lexington Realty Trust Company Profile

Lexington Realty Trust is a real estate investment trust (REIT). The Company owns a portfolio of equity and debt investments in single-tenant commercial properties. As of December 31, 2016, the Company had equity ownership interests in approximately 195 consolidated real estate properties, located in 40 states and containing an aggregate of approximately 43.3 million square feet of space, approximately 96.0% of which was leased.

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Institutional Ownership by Quarter for Lexington Realty Trust (NYSE:LXP)

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